Which of the Following Activities Describes the Development Stage of Commercialization

question 49

Multiple Choice

Which of the following activities describes the development stage of commercialization?

• A) building a prototype
• B) testing the product to see if it meets performance requirements
• C) selling the product on a trial basis in limited areas
• D) beginning full-scale production and marketing
• E) testing consumer reaction to the product in limited areas

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Definitions:

Skilled Workers

Individuals who have specialized training, experience, or education and are capable of performing specific tasks often requiring technical competency.

Wage Gap

The difference in earnings between two or more groups within the workforce, often defined by gender, race, or education level.

Human Capital

The sum of talent, expertise, or hidden assets belonging to individuals that can lead to economic profit for the people themselves, their employers, or their surrounding community.

Productivity

The measure of how efficiently production inputs, such as labor and capital, are being used in an economy to produce a given level of output.